The market is winding down with typical holiday action, grinding slightly higher. Notable weakness was seen today in Treasuries, coffee, and natural gas, though the latter two may very well prove to be a buying opportunity. Treasuries, of course, are likely to be a key market for many reasons in 2014.
Overall, 2013 was a very strong year for bulls, where circumstances like price remaining above the 200-day moving average on the S&P 500 Index for thirteen months never seemed to be a problem for buyers. If anything, the momentum galvanized them, regardless of how long in the tooth it seemed.
I am looking forward to working more with all of you in 2014. I am always striving to improve, and you can see my work product day-in, day-out on this blog as well as inside 12631. For that reason, if you have been on the fence as to whether to join 12631 to work with me and @RaginCajun, you have a golden opportunity before midnight tonight.
By the time the ball drops in Times Square tonight, membership rates to the 12631 Trading Service will have risen.
Here are the new rates:
The good news is that if you join our service before New Year’s Eve, you will be locked into the current, soon-to-be-old, cheaper rates as long as you continue to be a subscriber.
ACT NOW! Please click on this 12631 hyperlink for more details about joining @RaginCajun and I inside our LIVE TRADING ROOM.
The way we see it, the big winners will eventually take care of themselves–What we care about most is mitigating downside and not being stubborn with losers, and not taking on unnecessary risks. In addition, we strive to preserve a top shelf, quality atmosphere for traders of all backgrounds. We fuse together actionable idea flow with a constant emphasis on proper risk management techniques in our streaming, Twitter-like, state of the art chat room.
HAVE A HAPPY AND SAFE NEW YEAR’S EVE!